Minnesota Business Startup Guides
Opening a Business in Tower, Minnesota
Contemplating starting a business in Tower, Minnesota? We walk you through the process of opening a business in Tower.
Tower, Minnesota Demographic Information
Tower has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Tower demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Tower.
Businesses
As a new Tower entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Tower for each business category. By looking at this chart, you can get a general sense for how much competition there is in the business niche that you are pursuing.
Businesses
Should You Franchise?
As you drive around Tower, you'll notice that many local entrepreneurs have gone the franchising route. Is it perhaps smarter to franchise a business instead of doing it from scratch.
Our recommendation is that you consider franchising as an option. To help you learn more about franchising, we've gathered a ton of articles on franchising, including Franchisees Versus Licensees. Gain a solid understanding of franchising by scanning all of our Articles on Franchising.
A comprehensive list of franchisors is available via our List of Franchise Opportunities.
Representative franchise opportunities include RE/MAX International and Bruegger's Franchise Corporation. Alternatively, you can browse franchise categories, such as Embroidery Franchises and Meal Preparation Franchises.
Note on Tower Franchise Opportunities: You will need to contact franchisors directly to see if their franchises are available in Tower.
Is Buying an Existing Tower Business a Good Strategy?
We've created a useful website page for those who want to Buy a Business in Minnesota. Follow that link and you might discover several good businesses for sale in Tower.
For anybody who wants to buy a business, we recommend reading this useful article: How to Buy a Business.
Don't Forget to Create a Business Plan
A business plan is essential to the health of your new business. Simply put, your business plan is your game plan for how you hope to grow your business. Not having a business plan is a recipe for disaster.
To learn more about business plans, read Business Plan Contests. You can also get free business counselors available to you through your local SCORE chapter in Minnesota.
Getting Money to Start a Business
Getting your Tower business the capital it needs to succeed is very difficult due to the ongoing business credit crunch. To obtain business financing, you will need to hear a lot of rejections before you finally find a funding solution that works for you.
On the bright side, this site contains dozens of articles on raising money, including one we recommend entitled Business Incubators.
For Tower entrepreneurs with great ambition but a shortage of investment capital, check out our List of Minnesota Angel Investors and our List of Minnesota Venture Capital Firms.
Marketing Your New Business
To grow your Tower business, you'll need to have a good marketing plan.
There are myriad resources on this site to help you with your marketing plan. Holiday-Powered Marketing is a good read to get your marketing thoughts flowing. That's just a taste of the many useful articles we have on Marketing a Small Business.
Moving Forward
You have a dream -- starting a business in Tower. To achieve your dream, you have to persevere, even when the odds are against you.
If you choose the right business and love what you do, you will greatly increase your odds of success.
We are here to help Tower businesses to be successful. We believe entrepreneurship is an amazing engine for job creation in Tower, neighborhood development and overall economic health.
More Entrepreneurial Resources for Starting a Business in Tower, Minnesota
Here are more links that we believe will help you be successful in starting a business in Tower.
- Resources for Tower, Minnesota Entrepreneurs - Browse a variety of resources we've collected to assist Tower entrepreneurs.
- Minnesota Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in Minnesota.
- Minnesota Small Business Development Center - The Minnesota Small Business Development Centers provide no-cost, professional business consulting to Minnesota small businesses covering a variety of business needs.
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